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Item 3DWATER AND SEWER ENTERPRISE FUND Comparative Statement of Revenues and Expenses for the period ended July 31, 2008 and July 31, 2007 (fiscal month 10-83.33%) AMENDED Percent Year to Date2008Collected/Year to Date 7/31/08BudgetExpended7/31/07 REVENUES Water Sales-residential$6,929,378$10,500,00066.0%$5,882,440 Water Sales-commercial2,020,9383,100,00065.2%1,909,094 Sewer Sales3,330,1673,900,00085.4%3,189,466 Sanitation Sales796,5601,156,16368.9%825,089 Other utility charges58,727289,75020.3%230,689 Miscellaneous151,285106,000142.7%140,817 300,00063.6%164,200 Interest Income190,711 $19,351,913 Total Revenues$13,477,76669.6%$12,341,795 EXPENSES Water$4,944,973$10,655,01546.4%$5,273,697 Utility Billing312,083 419,847 74.3%221,558 Sewer3,087,6032,184,385141.3%980,466 Sanitation385,289837,83446.0%565,676 5,358,22981.9%4,370,520 Debt Service4,386,789 $19,455,310 Total Expenses$13,116,73767.4%$11,411,917 Excess (deficiency) of Revenue over Expenses$361,029($103,397)$929,878 OTHER FINANCING SOURCES AND (USES) Transfer In-Other Funds$0$0 Developer Contributions$0$50,000$0 Transfer Out-Other Funds0(388,038)(275,595) Total Other Sources/(Uses)$0($338,038)($275,595) Excess (deficiency) of Revenues and other sources ($441,435)$654,283 over Expenses$361,029 GENERAL FUND Statement of Revenues, Expenditures and Changes in Fund Balance for the period ended July 31, 2008 with comparative actual amounts for the period ended July 31, 2007 (fiscal month 10-83.33%) Percent Year to Date2008Collected/Year to Date REVENUES7/31/08BudgetExpended7/31/07 Ad Valorem Taxes$14,690,328$14,677,181100.1%$13,002,634 Sales Tax7,353,2338,402,60087.5%6,760,071 Franchise Fees2,129,2482,471,97186.1%1,635,729 Fines693,5571,000,00069.4%794,068 Charges for Services716,854903,57079.3%696,128 Permits/Fees1,583,3531,635,25096.8%1,733,219 Miscellaneous625,740663,81294.3%578,456 Interest Income474,685400,000118.7%228,060 Total Revenues$28,266,998$30,154,38493.7%$25,428,365 EXPENDITURES(1,170,011) City Secretary$254,933$387,74665.7%$235,309 Human Resources320,256437,79573.2%307,589 City Manager433,324635,32268.2%391,512 Support Services2,517,2324,167,11660.4%2,559,589 General Government Total3,525,7455,627,97962.6%3,493,999 Finance854,3441,166,05473.3%767,837 Municipal Court448,436554,51980.9%429,183 Municipal Court-Teen Court91,974126,94872.5%87,831 Finance Total1,394,7541,847,52175.5%1,284,851 Fire 3,461,0444,253,15981.4%2,837,689 Police4,016,0085,924,68367.8%4,030,062 Public Safety Support1,039,8561,586,62765.5%1,461,072 Public Safety Total8,516,90811,764,46972.4%8,328,823 Streets/Drainage1,391,8331,612,07886.3%1,180,493 Public Works Administration808,5861,196,70567.6%715,195 Public Works Total2,200,4192,808,78378.3%1,895,688 Building Inspections668,753973,50868.7%542,169 Planning674,8851,000,01967.5%631,016 Planning Total1,343,6381,973,52768.1%1,173,185 Economic Development230,198358,89764.1%237,406 Economic Development Total230,198358,89764.1%237,406 Community Services285,491513,07955.6%439,058 Parks and Recreation3,112,9814,168,08874.7%2,664,339 Library Services439,018578,82575.8%400,236 Community Services Total3,837,4905,259,99273.0%3,503,633 Total Expenditures$21,049,152$29,641,16871.0%$19,917,585 Excess (deficiency) of Revenue over Expenditures$7,217,846$513,216$5,510,780 OTHER FINANCING SOURCES AND (USES) Proceeds from lease/CO (net)$0$0$0 Transfer In-Other Funds0408,195295,752 Transfer To-Other Funds0(1,085,000)(1,700,000) Total Other Sources/(Uses)$0($676,805)($1,404,248) Excess (deficiency) of Revenues/other sources over Exp.$7,217,846($163,589)$4,106,532 FUND BALANCE OCT 1$7,768,639 Change in reserved fund balance$0 ENDING FUND BALANCE$7,605,050 fund balance percentage25.66% CITY OF SOUTHLAKE 1% SALES TAX REPORT 2008CollectedBudgetBalance Budgetto DateBalancePercent $8,202,600$7,353,233$849,36710.35% FISCALFISCALFISCAL YEAR% IncYEAR% IncYEAR% Inc MONTH2006-Dec2007-Dec2008-Dec 933,496126.2%674,934-27.7%686,4991.7% October 520,78110.8%619,50919.0%802,41729.5% November 823,10614.4%1,106,02634.4%1,174,2606.2% December 499,82114.7%559,46911.9%760,27635.9% January 477,01916.2%611,24228.1%619,8281.4% February 733,39714.7%804,7529.7%856,0106.4% March 619,82026.0%664,7687.3%749,50812.7% April 632,95429.2%744,25817.6%787,3365.8% May 899,05043.1%828,321-7.9%917,09910.7% June 509,76713.2%715,34240.3%0-100.0% July 642,63723.7%672,6144.7%0-100.0% August 773,38626.2%810,2584.8%0-100.0% September TOTAL$8,065,233$8,811,494$7,353,233 Three Year Revenue ComparisonThree Year Revenue Comparison Three Year Revenue Comparison by Monthby Month by Month 140.0%800000 1200000 700000 120.0% 1000000 600000 100.0% 800000 500000 80.0% 400000 600000 60.0% 300000 400000 40.0% 200000 200000 100000 20.0% 0 0 0.0% FISCAL YEAR 2006FISCAL YEAR 2007FISCAL YEAR 2008 FISCAL YEAR 03-04FISCAL YEAR 2005FISCAL % Inc -DecFISCAL % Inc -Dec ActualBudgetActualEstimated(budget-est.)% Month2007200820082008DifferenceChange $ 628,294674,934$ $686,499686,499$ 58,205$ 9.26% October(*) $ 576,699619,509$ $802,417802,417$ 225,717$ 39.14% November(*) $ 1,029,5971,106,026$ $1,174,2601,174,260$ 144,663$ 14.05% December(*) $ 520,809559,469$ $760,276760,276$ 239,467$ 45.98% January(*) $ 569,004611,242$ $619,828619,828$ 50,825$ 8.93% February(*) $ 749,142804,752$ $856,010856,010$ 106,868$ 14.27% March(*) $ 618,831664,768$ $749,508749,508$ 130,677$ 21.12% April (*) $ 692,828744,258$ $787,336787,336$ 94,507$ 13.64% May (*) $ 771,082828,321$ $917,099917,099$ 146,017$ 18.94% June (*) $ 665,911715,342$ $0665,911$ -$ 0.00% July (*) $ 626,135672,614$ $0626,135$ -$ 0.00% August(*) $ 754,267810,258$ $0$754,267 -$ 0.00% September(*) TOTAL$ 8,202,6008,811,494$ 7,353,233$ 9,399,546$ 1,196,946$ * Beginning April 2006 includes Grand Avenue sales tax collections per 380 agreement 80% of collections will be distributed to Cooper & Stebbins